Qatar Petroleum has entered into three agreements to reserve LNG ship construction capacity in the Republic of Korea for its future LNG carrier fleet requirements, including its ongoing expansion projects in the North Field and the US.
Under the agreements, the “Big 3” Korean shipyards – Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries (HHI) and Samsung Heavy Industries (SHI) – will reserve a major portion of their LNG ship construction for Qatar Petroleum until 2027.
The agreements were signed by Qatar Petroleum’s President and CEO in a virtual signing which was attended by Sung Yun-mo, the Minister of Trade, Industry & Energy of the Republic of Korea amongst others.
Speaking at the signing, Minister Al-Kaabi, said, “The signing of today’s agreements with the three esteemed Korean companies reflects our commitment to the North Field expansion projects, evening during these extraordinary times.”
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